Vancouver — Banyan Gold Corp. has reported a significant high‑grade gold intersection at the northern end of the Powerline Deposit within the AurMac project in Yukon, announcing a drill result that could change the way the company models mineralization between two formerly separate zones.
Key intercept expands high‑grade footprint
In drillhole AX‑26‑874, Banyan said crews intersected 13.03 grams per tonne (g/t) gold over 14.2 metres (true width approximately 12.8 metres), including a very high subinterval of 142.7 g/t Au over 1.0 metre. The company reports this intercept extends higher‑grade mineralization toward what it describes as a largely undrilled gap between the Powerline and Airstrip deposits — a portion of the project presently classified as unmineralized in the existing mineral resource model.
Those results are part of Banyan's ongoing 2026 drill campaign at AurMac, which the company says is aimed at resource conversion, expansion and delineation of higher‑grade domains within and near the current resource envelope.
"The 13.03 g/t Au over 14.2 metres intersected in AX‑26‑874 is an exceptional result, while its location is equally important," said Tara Christie, President & CEO. "This intercept extends high‑grade mineralization into the largely undrilled gap between Powerline and Airstrip, an area currently classified as unmineralized in the resource model. Our 2026 program is designed not only to convert resources, but also to identify these higher‑grade domains and demonstrate the potential to increase both contained ounces and the overall grade profile at AurMac."
Other notable drill results
Banyan released several additional intercepts from Powerline North in its update, many of which include narrower high‑grade shoots within broader, lower‑grade intervals. Highlights the company reported include:
- AX‑26‑832: 1.17 g/t Au over 11.2 metres within 0.57 g/t Au over 26.1 metres (including 7.40 g/t Au over 1.0 metre).
- AX‑26‑840: 1.86 g/t Au over 13.9 metres (including 22.30 g/t Au over 1.0 metre) and 0.42 g/t Au over 59.0 metres (including 13.90 g/t Au over 0.5 metre).
- AX‑26‑871: 1.42 g/t Au over 13.5 metres, including high‑grade subintervals of 16.03 g/t Au over 0.6 metre, 4.07 g/t Au over 0.4 metre and 9.81 g/t Au over 0.3 metre.
| Drill hole | Reported intercept | Notable subintervals |
|---|---|---|
| AX‑26‑874 | 13.03 g/t Au over 14.2 m | 142.7 g/t Au over 1.0 m; 18.10 g/t Au over 1.5 m |
| AX‑26‑832 | 1.17 g/t Au over 11.2 m | 7.40 g/t Au over 1.0 m |
| AX‑26‑840 | 1.86 g/t Au over 13.9 m | 22.30 g/t Au over 1.0 m |
| AX‑26‑871 | 1.42 g/t Au over 13.5 m | 16.03 g/t Au over 0.6 m |
What this means for AurMac and the region
The AurMac project, comprising the Powerline and Airstrip deposits among other targets, has been an area of focused exploration. Results that infill or bridge gaps between deposits can have material implications for how a deposit is classified in resource estimates — potentially converting previously unmineralized or lower‑confidence blocks into measured or indicated material. That, in turn, can affect project economics and the pace of any development work.
Banyan has characterised the 2026 drill program as targeted toward both resource conversion and the identification of higher‑grade domains that could raise the overall grade profile and increase contained ounces within the project. The company trades on the TSX Venture Exchange under the symbol BYN and on the OTCQB as BYAGF.
Next steps and follow‑up
The company indicated the new assays are part of a continuing program; further results are expected as drilling progresses and additional assays return. Investors and regional stakeholders will watch for updated resource modelling and technical summaries that incorporate these intercepts to better understand whether the reported high‑grade continuity between Powerline and Airstrip can be substantiated across broader areas.
For Yukoners, such drill success can encourage further exploration activity in the territory, with implications for local employment, contractor work and consultations. At the same time, emerging results often trigger closer scrutiny of environmental, permitting and Indigenous consultation requirements as companies advance projects from exploration toward potential development.
Banyan's release provides the initial drill statistics and highlights; more detailed technical disclosure and potential updates to the resource model will be needed before the community and market can fully assess the significance of the Powerline North results.
